Jackpocket’s core product is a mobile-first lottery ticket ordering service that purchases physical tickets on users’ behalf, provides watermarked scanned images, and enforces age and location compliance via GPS and ID checks. The app has 2.5 million active users and currently operates in 10 U.S. states, with active-user growth up 300% in the past eight months. Its business model charges a 9% fee on customer deposits (no fee on winnings used to play and no withdrawal fee). The company emphasizes responsible gaming with spending monitoring and an initial $100-per-day cap. Jackpocket plans to use new funding to expand beyond lottery ticket sales into broader mobile gaming (raffles, sweepstakes, bingo, social casino games), invest in technology and best practices from e-commerce, subscriptions, and mobile wallets, and expand into additional states and partnerships. It operates out of New York with an operation in Santa Barbara, CA, where CEO Peter Sullivan is based. Jackpocket is a NYC-based licensed third-party app that provides a secure way to order official state lottery tickets. Led by CEO and founder Peter Sullivan, the app enables users to automatically order official state lottery tickets through the company's licensed service. It is currently available in Arkansas, Colorado, Minnesota, New Hampshire, New Jersey, New York, Ohio, Oregon, Texas and Washington, D.C. The company closed a $50M Series C round to support growth. Jackpocket intends to use the funds to grow its user base as it launches in new jurisdictions and to expand the team. The company is expanding to many new markets. Jackpocket is a mobile-first third-party app that enables players to order official state lottery tickets such as Powerball and Mega Millions and to manage plays through features like lottery pools, autoplay, and result checking. The company emphasizes security, including automatically locking a player’s identity to a ticket serial number. Jackpocket is available in Minnesota, New Hampshire and Texas and said it is expanding to many new markets in 2019. Since its Series B announcement the company reports it has tripled ticket sales and grown its player base by over 150% in six months, and it has awarded $1 million in player prizes in 2019 to date. The platform is positioned as a no-cost, no-integration turnkey solution for lotteries to drive incremental revenue and attract new customers such as millennials. Leadership includes founder and CEO Peter Sullivan, with recent senior advisors Gavin Isaacs and Paul Palmieri. Jackpocket is the first third-party mobile app in the U.S. that enables users to order official state lottery tickets (Powerball, Mega Millions and state games) and check results. Its core product includes a proprietary ticket-scanning and processing technology that uses machine learning, a Pools feature for group plays, and autoplay functionality. The app enforces responsible-play measures such as a $100 daily limit per user and in-app access to the National Council on Problem Gambling. Jackpocket is available in New Hampshire and Minnesota and was recently inducted as an Associate Member of the North American Association of State and Provincial Lotteries. The company says its platform is a no-cost, no-integration turnkey solution that helps lotteries drive incremental revenue and attract new players. Management plans to use new capital to expand the service into additional jurisdictions.

Total raised

$191M

Funding rounds

4

Latest round

Series D

Latest activity

Nov 2021